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Luxury Gets Vaccine Boost

A series of strong trading results further fuelled optimism in November, but investors would be wise to remain cautious as the pandemic remains a destabilising force.
Masked shoppers queuing outside the Louis Vuitton store In London's Bond Street. Getty Images.
Masked shoppers queuing outside the Louis Vuitton store In London's Bond Street. (Getty Images)
By
BoF PROFESSIONAL

The announcement of three potential game-changing Covid-19 vaccines this month was welcomed with the investor equivalent of a ticker tape parade. Adding to the optimism were a series of better-than-expected corporate announcements: Tiffany’s Chinese business grew by 70 percent in the last quarter, Richemont’s six-month sales in China were up 83 percent, and Brunello Cuccinelli posted overall sales growth for the quarter.

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